EURGBP trade idea (FRI - 19/08) : SELLEURGBP has now entered the supply zone.
The suggestion would be to waait it for setup and what where it next breaks to - I am expecting a short to the 30 minute demand.
If it breaks downwards, we could be entering a trade with RR of 3.
Enter at your own discretion.
Eurgbpshort
EURGBP Sell at market.EURGBP - Intraday - We look to Sell at 0.8469 (stop at 0.8483)
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Daily signals are mildly bearish.
50 1day EMA is at 0.8464.
Offers ample risk/reward to sell at the market.
0.8471 has been pivotal.
Price action has posted a Doji candle and confirms a possible stall in the recent move.
A lower correction is expected.
Our profit targets will be 0.8434 and 0.8429
Resistance: 0.8470 / 0.8480 / 0.8490
Support: 0.8460 / 0.8450 / 0.8440
EURAUD,EURCAD and EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURGBP trade idea (FRI - 18/08) : SELLThis pair has been playing for the last few hours however it is now ready to sell.
It has not cleanly broke upwards, therefore after a number of rejections, it will look to end up selling, especially once the upper order block will stay respected. (Price may return, as there is a bit of imbalance left)
EURGBP Aug W.2: Long-term trend alert!Hi friends, I hope y'all having a profitable week ;)
Today, we're looking at a possible long-term trend that has a potential to reward us with +8%. These trade signals are derived from both the monthly and weekly. The monthly price is currently running in the bearish half a bats L1 that has last months price closed with a bearish reversal candle pattern that was followed by the current candle that is retesting the 3rd weekly key level and bearish crossed short-term m.a's to fully confirm the patterns 2 level trend. The weekly, on the other hand, has formed a bearish H&S pattern (that confirms the monthly's previous bearish reversal candle close) that has its price running in its accumulation phase above the neckline after it bounced off the 50 and bearish crossed short-term m.a's, signaling an upcoming 3 level trend. So, the monthly and weekly confirm each other for the drop, however, things can go south, meaning, the drop might not occur. With that said, let us see how the price will prove us right and wrong.
Bulls: -If the price bearish bounces off the Weekly H&S Neckline with a bullish reversal candle pattern that leads it to bullish rally to break and retest the 3rd Weekly Key Lvl/Weekly Neckline 3 together with the 50 and bullish crossed short-term m.a's, the price would've formed a bullish reversal pattern (probably a double bottom) that will dis-confirm our trades (proving use wrong).
Bears: -If the price bearish breaks and retest the Weekly H&S Neckline (1st trade signal) then continues to drop to break and retest the 4th Weekly Key Lvl (2nd trade signal), that will trigger what I call an "H&S A-E.3 signal" that fully confirms our trades anticipated 3 level trend (proving us right).
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts!
Stay Blessed,
Spha Thwala.
Eurgbp ready to bounce back to record resistence.Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:EURGBP
We can see a market break its strong support in D1.
So we are expecting a strong rise near support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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EUR/GBP: Free Sell Signal Is Ready For You Don't Miss It This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURGBP SHORT EURGBP is moving in a descending channel on the Daily time frame, in the other view, the pair is retesting the neckline of the hand and shoulder pattern in the daily time frame.
We expecting the pair to re-test the key support levels listed on the chart,
We taking this trade based on technical analysis and candlestick patterns.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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⁉️ EURGBP - Market AnalysisHello traders!
⁉️This is my analysis on EURGBP.
Here I expect to continue the retracement, as price filled one imbalance, but there is another one above and if price rejects from bearish orderblock I will open a short position.
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Selling EURGBP 02 Aug.The pair is bearish on W1, D1, H4.
Broke below support at 0.837 twice. Previous break below did not succeed but the bulls had no momentum either.
Broke again today and now pulling back to 0.837.
This time the bears may succeed and provide an opportunity to target 0.8245 area.
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Always use sound money and risk management and stay patient in all your trades.